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Discussion

Which among the following is not true with regard to merchandise banker? 

(i) It can accept deposits

(ii) It can advance loans

(iii) It can do other banking activities

(iv) It can be manager to a public issues

  • A.i, ii and iii
  • B.ii, iii and iv
  • C.i, iii and iv
  • D.ii and iv

Answer: D

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